Property prices for sale in Hobbs (New Mexico)
The prices in real estate in Hobbs, in the New Mexico region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Hobbs has increased strongly during the last 6 months. In October, the average price per sq.feet was $165. In November this price pretty much remained the same at a value of $159 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 1117 %. The price per sq.feet has had a considerable increase of 2598 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $985.75 to $25,610.5 during February, and March.
Based upon to the price in Hobbs (cities), this has gone up considerably in the last 6 months. The price in October is $195,430, rising in November till $208,600. During the following two months (December, January) the average price had a considerable increase of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 162 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $441,510 they are 91 % more affordable than the average price for Hobbs. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $245,560.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $40 / sq.feet, with an average $51,101 / sq.feet price in Hobbs. The properties with the lowest average prices have 4 bedrooms. They are 100 % cheaper than the average followed by properties with 3 bedrooms with a price at $139 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $441,510 it is 34 % cheaper than the average price in Hobbs. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Townhouse". At a price of $934,806 it is 112 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $138 / sq.feet followed by "Townhouse" priced at $4,278 / sq.feet. "Land" is the most costly type of property with a $244,136 / sq.feet cost followed by "Townhouse" with an average price of $4,278 / sq.feet.
